LendingTree, Inc. (NASDAQ:TREE) Director G Kennedy Thompson purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $264.90 per share, with a total value of $1,059,600.00. Following the completion of the transaction, the director now owns 9,000 shares of the company’s stock, valued at approximately $2,384,100. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
G Kennedy Thompson also recently made the following trade(s):
- On Thursday, August 31st, G Kennedy Thompson acquired 5,000 shares of LendingTree stock. The stock was bought at an average cost of $230.91 per share, with a total value of $1,154,550.00.
LendingTree, Inc. (TREE) opened at $268.75 on Wednesday. LendingTree, Inc. has a fifty-two week low of $87.16 and a fifty-two week high of $280.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. The firm has a market cap of $3,166.94, a P/E ratio of 80.43, a P/E/G ratio of 2.69 and a beta of 1.51.
LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. During the same quarter in the prior year, the company earned $0.80 EPS. LendingTree’s quarterly revenue was up 81.3% on a year-over-year basis. analysts expect that LendingTree, Inc. will post 3.06 earnings per share for the current year.
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Large investors have recently modified their holdings of the stock. Invictus RG acquired a new position in LendingTree in the 3rd quarter worth approximately $104,000. Advisor Group Inc. increased its holdings in LendingTree by 61.7% in the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after buying an additional 201 shares during the period. Meeder Asset Management Inc. increased its holdings in LendingTree by 2,685.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after buying an additional 752 shares during the period. SG Americas Securities LLC acquired a new position in LendingTree in the 2nd quarter worth approximately $148,000. Finally, Aperio Group LLC acquired a new position in LendingTree in the 3rd quarter worth approximately $201,000. Institutional investors own 71.20% of the company’s stock.
Several brokerages recently commented on TREE. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective for the company in a research report on Thursday, November 2nd. Oppenheimer Holdings, Inc. increased their price objective on shares of LendingTree from $245.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Citigroup Inc. reaffirmed an “outperform” rating and issued a $290.00 price objective on shares of LendingTree in a research report on Friday, October 27th. Northland Securities reaffirmed a “buy” rating and issued a $280.00 price objective on shares of LendingTree in a research report on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective (up from $250.00) on shares of LendingTree in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. LendingTree has a consensus rating of “Buy” and an average price target of $247.08.
LendingTree Company Profile
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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